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September 18, 2024

CBUAE lowers Base Rate by 50 basis points

ABU DHABI: The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 basis points, from 5.40 to 4.90 percent, effective from 19th September.

This decision was taken following the US …

Alia Al Mazrouei meets with CEOs of 20 venture capital funds

ABU DHABI: Alia Abdullah Al Mazrouei, Minister of State for Entrepreneurship, held a roundtable with 20 directors and CEOs of venture capital funds.

The meeting was aimed at enhancing cooperation to support the development of the UAE’s entrepreneuria…

Etihad showcases love of Indonesia at Bali International Air Show

ABU DHABI: Etihad Airways, the national airline of the UAE, is spotlighting its successful Indonesian routes at this week’s Bali International Air Show, after unveiling plans to boost flights to Bali and Jakarta in Summer 2025.

The airline has reveal…